A strategy is the key to success and profits in highly competitive scenario. Strategic consulting is field connected to creation of different strategy for different cases according to the requirements. It is the process of pre planning for taking the best decisions for certain situations.
It is more likely the answer to question for organization - what needs to be done? Industry of Strategic Consulting has experts for looking on every aspect and factor vital to be considered for designing the strategy. Thus it is not that uncommon for companies to spend descent amount of budget for creating good strategy.